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-Marx's work in economics laid for our understanding of labor and its relation to capital, and has influenced much of economic thought over the years.

-Karl Marx is considered to have formed the basis of Communism.

-He kept all the political leaders in organization, to create a better economy and a strong one.

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Communist economy

-a system that supports common ownership of the means of production (text definition)

- economic and political system where people work together to produce goods and share them fairly

- e.g. Cuba – is a communist command economy

- government decides what to produce and how to distribute goods and services

- Cubans live with basic necessities, and deal with shortages of consumer products

- Cuban govt provides free education, daycare, & health care

- Communist governments are found in 5 countries: China, Cuba, Laos, North Korea, and Vietnam

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Command Economy: an economic system in which the

government controls all production and distribution of goods

and services.

- In a command economy production and distribution are

directed by one person or a small group of people who form

the government.

- If one person takes over a project of some sort it becomes a

command economy. That person makes all the decisions while

the rest of the group takes orders.

- In countries with command economies one person dictates

the answers to all economic questions and everyone else has

to obey or face the consequences.

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I'm Jacob Clifford and I make videos to help people understand economics. I'm also the co-host of Crash Course Economics. STUDENTS- If you need help learning economics, check out my Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji TEACHERS- If you need help creating an awesome class, check out my teacher resources at www.ACDCecon.com and my second YouTube channel: https://goo.gl/usMbPq Feel free to watch my videos in your classroom and embed them in your lessons or website.

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-Karl Marx aimed for a cooperative economic system created by political revolution. -He predicted that eventually, "the state would wither away", leaving the people with freedom.  -In practice, however, communism has always brought a command economy. -Strong dictators and Communist Party officials have made all the economic decisions. Tanks and missiles have been more important that decent housing and consumer goods.

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Canada at War

During the first and second world wars,

Canada's economy was controled by the government.

Canada and other nations involved in

the wars switched to an economy based on machinary and weapons.

for example, factories that normally made cars or home applainces

made military equipment instead.

goverments involved in the wars switched from a market economy to a

command economy.

Canada was a big part of the wars and needed suplies to help.

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J.J Military Spendings [The Command economy]

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J.J Military Spendings [The Command economy]

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In some parts of the world the economy is controlled by military dictatorships or nations at war. Governments controlled by military dictatorships is controlled by armed forces military leaders make decisions avout production and distribuition of goods and services. Today there are many countries in Africa and Asia which have this government. In many of these dictatorships people live in pouverty and have limited chance of eduction or access in health care. Many countries spend heavily on military often than other social services.  U.S.A has a military spending [% of GDP] is 4.1 and education spending [% of GDP] id 4.7 which is extremly close for a North American country

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New Military Budget Full Of Wasteful Spending

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Five Ways to Cut Military Spending Today

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http://www.cato.org/pub_display.php?pub_id=12151 The U.S. Military has an important purpose, protecting Americans, but that purpose has been distorted over the years. Here are five military spending cuts Congress and the President can make today while they undertake the harder task of rethinking the true purpose of the military and then restraining its use.